Discounted Cash Flow

Dream Finders Homes, Inc.

DFH · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2019 $744.3m $39.2m $27.5m 5.3% $0.00
2020 $1.1b (52.3%) $79.1m (101.8%) $94.0m (241.3%) 7.0% (32.5%) $0.00
2021 $1.9b (69.7%) $121.1m (53.2%) $62.3m (-33.7%) 6.3% (-9.7%) $1.45
2022 $3.3b (73.7%) $262.3m (116.6%) $-33.2m (-153.2%) 7.8% (24.7%) $2.96 (103.3%)
2023 $3.7b (12.2%) $295.9m (12.8%) $369.5m (1213.9%) 7.9% (0.6%) $3.31 (11.9%)
2024 $4.5b (18.8%) $335.3m (13.3%) $-282.0m (-176.3%) 7.5% (-4.6%) $3.64 (10.1%)
2025 $4.3b (-2.9%) $217.2m (-35.2%) $-126.4m (55.2%) 5.0% (-33.3%) $2.34 (-35.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model